SRAM, or Static Random Access Memory, is a type of computer memory that stores data using bistable latching circuitry. Unlike DRAM (Dynamic Random Access Memory), which needs to be refreshed thousands of times per second, SRAM retains data as long as power is supplied, making it faster and more reliable for certain applications. SRAM is commonly used in cache memory for CPUs (Central Processing Units) and embedded systems due to its speed. However, it is more expensive to produce than DRAM and has a lower storage density, which limits its use in larger memory applications.